Company No: 08740637 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	430,885		422,015
		430,885		422,015
Current assets
Debtors	5	2,864		0
Cash at bank and in hand		8,764		31,519
		11,628		31,519
Creditors: amounts falling due within one year	6	( 300,689)		( 331,358)
Net current liabilities		(289,061)		(299,839)
Total assets less current liabilities		141,824		122,176
Creditors: amounts falling due after more than one year	7	( 5,982)		( 9,119)
Provision for liabilities		( 12,147)		( 10,760)
Net assets		123,695		102,297
Capital and reserves
Called-up share capital	8	20		20
Profit and loss account		123,675		102,277
Total shareholders' funds		123,695		102,297

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Forest and Beach Limited (registered number: 08740637) were approved and authorised for issue by the Board of Directors on 04 May 2026. They were signed on its behalf by:

Mr P W Moore Director

Mrs A J Moore Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Forest and Beach Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Forest And Beach, Beeson, Kingsbridge, TQ7 2ED, United Kingdom. The principal place of business is Forest and Beach Centre, Beeson, Kingsbridge, Devon, TQ7 2ED.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of refunds and value added tax.

The company recognises revenue when the value of services provided to date can be reliably measured.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

2 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	4 years straight line
Vehicles	5 years straight line
Fixtures and fittings	5 years straight line
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

The company holds the following financial instruments:

•Short term trade and other debtors and creditors;
•Bank loans; and
•Cash and bank balances.

All financial instruments are classified as basic.

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		1

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 November 2024	5,000		5,000
At 31 October 2025	5,000		5,000
Accumulated amortisation
At 01 November 2024	5,000		5,000
At 31 October 2025	5,000		5,000
Net book value
At 31 October 2025	0		0
At 31 October 2024	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£		£
Cost
At 01 November 2024	408,771		21,738		14,787		16,365		10,810		472,471
Additions	10,262		1,924		0		1,145		2,493		15,824
At 31 October 2025	419,033		23,662		14,787		17,510		13,303		488,295
Accumulated depreciation
At 01 November 2024	0		20,609		7,393		13,646		8,808		50,456
Charge for the financial year	0		597		3,697		942		1,718		6,954
At 31 October 2025	0		21,206		11,090		14,588		10,526		57,410
Net book value
At 31 October 2025	419,033		2,456		3,697		2,922		2,777		430,885
At 31 October 2024	408,771		1,129		7,394		2,719		2,002		422,015

5. Debtors

	2025		2024
	£		£
Trade debtors	276		0
Other debtors	2,588		0
	2,864		0

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	3,360		3,480
Taxation and social security	3,925		5,005
Other creditors	293,404		322,873
	300,689		331,358

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	5,982		9,119

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1 Ordinary A share of £ 10.00	10		10
1 Ordinary B share of £ 10.00	10		10
	20		20